What we do Mega Flex Plastics Ltd manufactures and sells flexible packaging materials, specializing in polypropylene Leno bags used for fruit and vegetable packaging, plus related woven fabrics and Sutli. |
Founded in 2,003 |
Market share Leading producer of Leno bags in India, with growing presence in European export markets. |
Problem solved Provides cost-effective, durable packaging replacing traditional jute bags, reducing post-harvest losses for farmers. |
Top clients or who we serve Primarily serves agriculture sector farmers, FMCG companies like Pepsico and ITC; operates B2B and B2C channels. |
Key management Rakesh Sethia (Executive Director), Mohan Lal Parakh (Chairman & Whole Time Director), Hukum Chand Bothra (Managing Director). |
Our journey and innovations Founded 2003, IPO in 2022, continuous capacity expansion, latest wide width fabric looms and advanced Leno machines installed in 2025. |
Where we operate Operations mainly in India with exports to European countries. |
Top products or what we offer Leno Bags for fruit/vegetable packaging, Sutli (fibrillated thread), woven fabrics, and technical textile packaging solutions. |
Top brands Mega Flex Leno Bags - market leader for horticultural produce packaging in India, key revenue driver. |
Raw materials needed Polypropylene plastic (PP) for Leno bags and woven fabrics. |
Raw materials supplier Imported polypropylene; sourced globally from polymer manufacturers. |
Recurring vs cyclical contribution Revenue primarily recurring from consistent packaging demand, with some seasonality tied to crop cycles. |
Our industry position Strong domestic market position with significant exports; recognized innovator in flexible packaging. |
Financial highlights FY2025 Revenue approx Rs 60.31 Cr; Net Profit Rs 3.43 Cr; steady growth despite sector challenges. |
Geographical revenue split Predominantly India with export revenues from Europe. |
Order book - |
Whats driving growth Growing demand for efficient agricultural packaging, capacity expansions, and new product innovations. |
Our future plans Expand manufacturing at new Odisha site; invest in injection blow molded plastic containers; increase advanced loom capacity. |
Our green promise Adoption of solar power via installed solar equipment to promote green energy use. |
Our people and values Committed workforce under visionary leadership valuing innovation, quality, and rural empowerment. |
Key challenges ahead Fluctuating agricultural output affecting demand; competition from traditional packaging materials. |
Interesting facts Early adopter of Leno bag technology revolutionizing Indian vegetable packaging. |
Risks and strategy Managing raw material price volatility and crop-dependent demand; pursuing product diversification and geographic expansion. |
